G20 Calls On India To Open Up Ecommerce Sector

G20 Calls On India To Open Up Ecommerce Sector

India does not currently allow foreign investment in ecommerce

Members of the G20 have called upon India to open up its ecommerce sector in order to allow for a framework of cross-border trading. Currently, India does not allow foreign investment in its ecommerce retail market, meaning that companies such as Amazon act entirely as marketplaces. However, with a G20 summit due to take place in December 2017, there has been a series of messages sent to all member countries requesting a look into the ways in which the organisation can improve digital trade around the world. It is hoped that such a move would help developing countries benefit from global online trade.